SHUNTEN INTL Chairman increased holdings to 48.8% at HKD 0.024 per share, triggering a full acquisition
SHUNTEN INTL (00932.HK) announced that the chairman and major shareholder Zhang Shaohui (the offeror) acquired a total of 766 million shares of the company from Prosper Rich and Hammer Capital Consulting for a total price of HKD 18.38 million, equivalent to HKD 0.024 per share. Upon completion, the offeror and its concert parties will hold a total of 48.8% of the company's equity, and are required to make a mandatory conditional cash offer at HKD 0.024 per share, which represents a discount of 20% compared to the last trading day (12th). After the offer, the offeror intends to maintain the shares listed on the Stock Exchange
Source: AASTOCKS The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments